New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-05-29

seats on Stock Exchange that might be forfeited Dy
an insants vacation On the fac, of each one there
Is the same expression OF eager expectancy Ihey
listen to the clerk. and mechanically watch the tau
boy lazily record the cures The blackboard Inc
last quotation may mean considerable loss or gam
to tbem yet still they outwdrdy Indifferent and
watch tho blackboard boys slow movements without
any sign of impatience. The boy is something OF a
character. lie walks his narrow platform with the
proud air OF a mighty onjurer looking down on MS
audiences gullibe throng who expect him to turn
oil INTO greenbacks AMI wheat into gold medals OF
the bird OF progress The audience as rule is we'll
dressed one, and the popular idea OF these places,
which supposes man in rags and tatters putting up
his only 50 and losing it because he IL too poor 10
keep " his margin is altogether mistaken one.
The bncketshop people like to catch q man with
money enough 10 keep up his margin. Ibcv IKE 10
play Tor as high stakes as they can possibly get,
because the higher the played Tor the larger their
commissions. The customers OF such places might be
said TO he of every class from the ger hoy ana
telegraph operator, to the broker who uses them tor
small transactions. To the latter 1t is often matter
of convenience and profit lie has order to buy or
sell certain stocks at certain price BY the time
he can Get his order TO tho Exchange the price has
changed at the bucket-shop he can always buy or
sell at the price on the tare.
SAVING MONEY TO GAMBLE 1T AWAY.
But the people who occupy these chairs day after
day are of different class. They represent the
broken broker the financier banker aud railroad
president who has come down in the world the small
shonkeepcr. who ia tired of ploddng along the weary
road of everyday industry and hopes to meet
increase his many years savings; the miner, who
thinks il easier and quite ~ certain digging and
prospecting, and the gambler who brings down bis
earnings at the faro table to lose them in game he
does not understand. They each other. this
motley throng, every day, yet rarely become ac-
quainted and talk over tue prospects of the market
Each has his theory a TO what will win, and he
scrupulously keeps it to himself. There are many
men who here regularly for time and then
disappear. Their absence is oasily accounted Tor.
Having lost what they have they return to their bus-
make little stake they call it and return to
repeat the operation again and again. There is the
paralytic eA-presid sat OF q well-known railroad.
When he has gambled away the money he has on
hand he stays at home until his income has accumu-
lated little and then he returns. There is Charlie
Malcolm, handsome, refined man OF forty-hYe, oil ex
cellent family, and at tune wealthy. He seems
rather ashamed to be sitting there and says With an
apologize flush his face just thought would
mako more try But | have no luck and shall
give il up Tomorrow" Ten years ago Malcolm lived
with his pretty wife in Fiithave with enough OF an
income to meet his scho sry and gentcmanly tastes
lie unfortunately had among his old college chums
several Wall Street men, and was led to speculate IN
stocks He had his broker in those DAYS. In one
year he made profit Of $4,000, and one year later
his whole fortune, his horses and his furniture,
was a swept away. Then he went to work. lie
stated pedding railioal bridges, worked tor some
time for Meigs, in Peru and later has been an en-
gneer the Panama Canal at 5000 month and
maintenance lie bravcd the deadly climate for three
years saved every penny he could and now comes
home to be. hs expresses it. "a man or mouse"
Thi. means that he will gamble until his money has
gone and then 90 to work again.
type OF similar character ia found in the Connecti-
cut farmer handsome bury fellow in his prime who
believes himself match tor j. l.. Sullivan lie sold
out his farm some live six years ago, and with
81 900 IN his pocket to New-York to make his
fortune in Wall Street lie knows nothing OF stocks,
but after few years experience he IL IKE the
Albany farmer who appeared Tor tho fret time 10 this
same bucket-shop last February, aud declared,
Nobody can give points on railroads" Tho only
lucky bit our Connecticut friend made wa. about
month ago. He'had but 49, and he stroIed into
strange bucketshOp and invested IT, In twenty-four
hours he closed out with 1923 profit Then he came
back his old scat and has been chucklng over ms
smartuess ever since Ho can tell you every one OF
his winnings but his losings altogether escape his
memory. When cleaned out he goes nome Tor tlmo,
trades ballocks and swaps horses until he has saved
two or three hundred dollars and then brings back his
Jolly face and hearty laugh to the street
TIE OUTSIDE AGENCIES.
No women are seen in these bucket-shops and,
indeed. those gatherings can scarcely he eailed
representative OF those who gamble in stocks. for the
reason that many of them do not care to be seen In
such places For such there arc offices provided
whore thcy can gamble IN comparative privacy. Each
Of the larger buckct-shOps has some twenty-five or
fifty agencies. They hire cheap top-story ROOM put
In a clerk desk aud telephone and receive orders
from them all day Here the women co. ana once IN
n way YOU will meet in OF the large buildings
man with gentle peace earth voice inquring Tor
the commission broker's Office. For even clergymen,
some few of thom, speculate. They get points from
members OF their congregation, and one of the most
amu,nc things in the whole business is the long cx
planatons some of them feel called upon to make
when giving an order. They always assume great
Ignorance OF the simple business modes and have only
consented 20 dabble in such mysteries at the earnest
request OF Mrs. SoandsO.
tall man. with big black beard IL seen pretty
rcpularly IN one OF the buckct-shops He IL bache-
or and retired from the with comfortable com
petence Something led him in TO Wall Street, aud now
he is "a confirmed gambler in stocks The clerk ana
he are on friendly terms After the Stock Exchange
clses tlcv often have little chat together. and some
times he permits himself break through his ordinary
conservatism and ask an opinion on certain stocks
After one OF these chats last week he broke long
silence with the philosophc remark -,
"pears TO me real Gurus, young iollar, tnat win
your Fmartncss and all what you knO" you uoh' set
rich right OIL. How Is 1t T.
=" We'll never speculate" replied the smart young
fellow, with smile.
farng man.
" ~, am quite satisfied with my salary
The CAPTAIN looked at him steadily tor moment
and then softly whisted II revelation to him.
But the lesson liz conveyed will probably he ignored
for how can a man who has speot his whole lite deal
ing i'm stocks understand the fluctuations OF such
thing, as well one who has travelled the world over
in ships
SNORING PISTOL FOR 4 PIPE.
Prom me chicago Journal
little West side child had miraculous escape from
death least serious INJURY, rev dyh ago a Sh'